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Birmingham Post
Birmingham Post
Business
David Laister

£660m new Northern Powerhouse Investment Fund to launch next year

the British Business Bank

A £660 million investment fund to support the growth of small and medium-sized businesses across the North of England is on course to be launched early in 2024.

The Northern Powerhouse Investment Fund II is one of a series of new Nations and Regions Investment Funds being launched by the British Business Bank which will deliver a £1.6 billion commitment of new funding to drive sustainable economic growth.

It will offer a range of commercial finance options with loans from £25,000 to £2 million and equity investment up to £5 million. The new fund will cover Greater Manchester, Liverpool City Region, Lancashire, Yorkshire & the Humber, Cheshire & Warrington, Cumbria, County Durham, Tyne & Wear, and Northumberland.

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